|
What you should know about Brokerage Relationships
You need to understand the relationship that an agent establishes with you under the Virginia law (Title 54.1, Chapter 21, Article 3). Sandy and I want to serve your best interest, and we can do that by establishing the correct relationship. When dealing with an agent, you are either a Client or a Customer. A Client is one who has formed a brokerage relationship with a REALTOR, usually by signing a contract. Parties who do not have signed contract are Customers. The duties and obligations we extend differ. We will be happy to send you the free brochure and outline the many features of the Virginia law whether you are a Buyer or Seller.
For Sale By Owner >Finding Buyers
When a home owner tries to sell "By Owner", they commonly use two basic marketing techniques to advertise the property. They place a "For Sale" sign in the front yard and a classified ad in the local newspaper. When a seller lists their home with a professional real estate agent, however, a very sophisticated process is set in motion in order to facilitate the home sales transaction.
Real estate agents have a backlog of prospective buyers for the homes in their market. Through the Multiple Listing Service, the agent cooperates with other brokers in the area who will show your home to their prospective buyers. Professional real estate agents also combine direct mail, telephone calls, and specialized advertising techniques incorporating media such as the Internet, to reach the sales market. In this way we create activity on our listings that help them to sell quickly--and for the best price.
|
| Q |
Which law allows a person to give another individual up to $10,000 a year without any tax consequences?
|
| A |
The Federal Gift Tax Law allows both parents to give a child (or anyone) $10,000 each in one year. |
 See More Real Estate Trivia > |
|
|
|
-
NUMBER1EXPERTS™ 
